ST Alpha - "Sure you collect collateral on default... unless he gets elected and decides he doesn't have to pay?" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

In response to "Huh. Chubb (NOT CHUBBINS!) must have gotten some serious blow-back over that bond for the Carroll case. The CEO wrote a letter to it's customers justifying the bond -- (link*)" by decline

Sure you collect collateral on default... unless he gets elected and decides he doesn't have to pay?

Posted by Max Mar 13 '24, 12:33

Even if Trump doesn't get elected, that's a pretty easy-breezy attitude toward getting something out of someone who has a history of litigating to delay paying.

Responses:

But see, it was the "right" thing to do. - Spawn Mar 13, 12:37 2
- He will sue Chubb into oblivion before he pays them a dime on any collateral he promised. They made a chunk of change on the bond fee. up to 15% -- nm* - Pippy: Court of Fog and War Mar 13, 12:39 1
  - Chubb is a Russian company. I'm surprised that it was allowed since there is an imbargo -- nm - zeitgeist Mar 13, 13:48

Post a message top

Sure you collect collateral on default... unless he gets elected and decides he doesn't have to pay?

Replies are disabled on threads older than 7 days.